Bottega Veneta denies destocking actions following TK Maxx reports
Bottega Veneta has responded to media reports about merchandise designed by former creative designer Daniel Lee being available at low cost retailer TK Maxx at heavily discounted prices.
According to a comments sent to WWD, the Italian luxury house emphasised its stance on luxury and exclusivity, refuting claims that the house is actively destocking products designed by Lee.
The spokesperson said in the press statement: "Quite on the contrary, being extremely proud of all collections, Bottega Veneta has established a high-end value positioning and selective distribution strategy. Resellers such as TK Maxx are not supplied by us and we are actively investigating the genuineness and origin of the products sold by TK Maxx.
"Bottega Veneta will continue to highlight its iconicity, exclusivity and timelessness and work with partners that preserve the value of our creativity and craftsmanship."
The news comes as TK Maxx, the off-price clothing and homewares retailer, placed more than 125 ready-to-wear, footwear and accessories from Lee's first two seasons at the house on its website, with prices slashed as heavy as 79%.